HELOC rates are on the decline, with the national average dropping by a quarter-point in the past five weeks to 7.44%. Homeowners have nearly $36 trillion in home equity, the highest on record. With mortgage rates low, accessing equity through a HELOC can be a smart move. Lenders offer flexibility on rates based on credit score and debt. Introductory HELOC rates may convert to adjustable rates later. HELOCs allow you to tap into your equity as needed while paying down your primary mortgage. Rates can vary from 6% to 18% depending on creditworthiness. Now is a great time to consider a HELOC for home improvements or other expenses.

Read more at Yahoo Finance: A quarter-point drop in 5 weeks